FXCC versus IG Markets

Traders at FXCC only get the out-of-the-box MT4 trading platform, but there is no minimum deposit requirement. The MAM module for account managers is available, and FXCC offers quality trading signals and high leverage of 1:500, while beginners have a basic introduction to trading.

IG Markets provides traders with its cutting-edge proprietary trading platform alongside an eighteen plug-in upgrade to MT4 plus Autochartist, ProRealTime, and L2 Dealer. The educational content is better at IG Markets, complemented by high-quality market research. IG Markets caters exceptionally well to all strategies, especially algorithmic trading solutions, but FXCC has an edge for scalpers and high-frequency traders.

We have conducted an in-depth review of FXCC and IG Markets to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsIG Markets (visit site)FXCC (visit site)
Headquarter:UKVanuatu
Established :
19742010
Retail Loss Rate:
68.00%Undisclosed
Regulation:
Minimum Deposit:
$250$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
£12 monthly after 24 monthsNo
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyYes + Third-Party
Funding Methods:
418
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
API TradingLow trading costs
Unique Feature Two:
MT4 plugins + AutochartistDaily trading signals
Broker Offers:

Noteworthy:

FXCC features free VPS hosting for qualifying traders and maintains a 100% first deposit bonus. IG Markets is the largest CFD broker in the industry and writes contracts based on demand.

Available Markets

Available MarketsIG MarketsFXCC
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:2001:500
Maximum Pro Leverage:
1:2001:500

FXCC provides Forex traders broad-based exposure to currency pairs but only supports rudimentary cross-asset diversification. IG Markets counters with an industry-leading choice of trading instruments, besting FXCC with sector exposure and quantity. It also offers in-house managed thematic portfolios. However, FXCC retains an overall edge with higher leverage, creating an advantage for select strategies.

Typical Spreads and Fees

Typical Spreads & FeesIG MarketsFXCC
Minimum Raw Spreads:
Not applicable0.0 pips
Minimum Standard Spreads:
0.6 pips0.0 pips
Minimum Commission for Forex:
Commission-freeCommission-free
Commission for Equities:
0.10% or $0.02/share (US)Not applicable
Rebates:
YesNo
Execution Type:
Market Maker/ECNECN/STP

Fees at both brokers are highly competitive, but active traders at FXCC can achieve a lower total cost structure. FXCC lists minimum spreads of 0.0 pips, commission-free, with average costs at 0.5 pips or $5.00 per lot. IG Markets shows minimum mark-ups of 0.6 pips or $6.00 with average Forex costs above $9.00.

Security and Trust

FXCC

Country of the RegulatorName of the RegulatorLicense Number
Cyprus
Cyprus Securities and Exchange Commission121/10
Vanuatu
Financial Services CommissionUnregulated

IG Markets

Country of the RegulatorName of the RegulatorLicense Number
UK
Financial Conduct Authority195355
Cyprus
Cyprus Securities and Exchange Commission378/19
Germany
Federal Financial Supervisory Authority10148759
Switzerland
Swiss Financial Market Supervisory AuthorityConfirmed, but no regulatory license number
Dubai
Dubai Financial Services AuthorityF001780
South Africa
Financial Sector Conduct Authority41393
Singapore
Monetary Authority of SingaporeConfirmed, but no regulatory license number
Japan
Japanese Financial Services AgencyUnconfirmed
Australia
Australian Securities & Investments Commission220440 & 515106
New Zealand
Financial Markets AuthorityFSP18923

Both segregate client deposits from corporate funds and offer negative balance protection. Most international FXCC traders deal with its Vanuatu subsidiary, unregulated but duly registered, number 14576, while IG Markets is a publicly listed company and FTSE250 constituent.

FXCC vs IG Markets – Verdict

FXCC

ProsCons
Commission-free raw spreads from 0 pips with average cost of 0.5 pipsEquity trading not available
One account type with no minimum deposits and high leverage
Quality education for beginner traders and daily trading signals
Full support for algorithmic and social

IG Markets

ProsCons
Excellent choice of trading platforms and superior asset selectionLimited deposit and withdrawal methods
Competitive trading costs with a volume-based cash rebate programHigher minimum deposit requirement, but within a reasonable demand
Outstanding trading environment for algorithmic trading, including API support
Comprehensive educational tools for beginner traders

FXCC is a smaller broker than IG Markets, but it caters to its core trader base with a competitive offering. IG Markets ranks among the industry leaders and is a prime liquidity provider, but FXCC manages to keep trading costs lower, making it a better overall choice.

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